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HomeGovernment CodeDiv. 2Pt. 2Ch. 15Art. 2§ 26431 Indenture Breach Clause Rights

§ 26431 Indenture Breach Clause Rights

Government Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 26431 Indenture Breach Clause Rights

Key Takeaways

  • •A contract can say what happens if the people in charge break the rules.
  • •The contract can list what rights and limits apply if rules are broken.
  • •This helps everyone know what to expect if someone doesn’t follow the agreement.

Example

A company promises to pay workers on time but doesn’t.

The contract can say what happens, like paying extra money or fixing the problem fast.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 26431 Indenture Breach Clause Rights

An indenture may include a clause designating the rights, limitations, powers and duties arising upon breach by the board of any of the covenants, conditions, or obligations contained in any indenture. (Added by Stats. 1947, Ch. 822.)

Last verified: January 22, 2026

Key Terms

agreementindenturebreachobligationcovenantwhat happens

Related Statutes

  • § 26331 Indenture Breach Clause Rights
  • § 50731 Indenture Breach Clause Rights
  • § 26430 Bond Default Acceleration Clause
  • § 6566 Indenture Breach Provisions
  • § 26418 Bond Security Covenants

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Government Code. Section 26431.
View Official Source